Friday, July 07, 2017 10:15:17 AM
We are sinking on no news specific to NGL. This is probably a mix of stuff circulating today that may affect refiners adversely plus the usual other stuff foisted upon us in an attempt to sway our judgment so as to make grievous investment errors.
We now know that RINs aren't likely to be reduced this year and perhaps not even going into early 2018 quarters. Does it spell doom for the refiners? Of course not!
NGL is dropping because there are forces out there capable of controlling market perception. It's not for me to know for dead sure what those forces might be but as a moderator I believe my main responsibility is that of addressing opportunity to gain. I'll leave the worrying to others better predisposed that way.
NGL is going to have a hellacious year in 2018. I have zero doubts when it comes to that determination. Everything that could possibly enter into the critical equations has been factored in by the company...from the purchase of assets to completing very highly accretive pipeline adds to setting up ever more efficient credit facilities to the retirement of debentures originally set at less attractive rates than are available today. And there's more, of course, but this is enough for me.
It looks like I'm going to have to pick up a couple of hundred units although I wish I weren't feeling so compelled as said buy will have to be on margin. Then again, my margin rate is 5.4% and I'm certain I'll exceed that very easily.
In a nutshell, folks---this is the time to be adding and/or starting a position. The company itself is very strong with wonderful yield cash going to us every quarter. At $13.60 with a payout rate of $1.56/year, we're getting better than 11.5% for a fabulous yield. A $100,000 investment here will bring in a minimum of $11,500 yearly and we will likely find the distribution basis increase going forward.
Always do as you believe will have you comfortable. Never let anybody decide things for you. I brung me to the dance and that means I've got to live with and within myself, no matter what.
So ignore everything I've just said and buy the crap out of NGL at these bargain-basement prices! lol
I'm a buyer, myself.
Recent NGL News
- NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units • Business Wire • 09/19/2024 10:30:00 AM
- NGL Energy Partners LP Announces First Quarter Fiscal 2025 Financial Results • Business Wire • 08/08/2024 08:35:00 PM
- NGL Energy Partners LP Announces Availability of Its 2023 Schedule K-3s • Business Wire • 08/01/2024 10:30:00 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 07/26/2024 10:30:00 AM
- NGL Energy Partners LP Announces Quarterly Cash Distribution for the Class B, Class C, and Class D Preferred Units • Business Wire • 06/21/2024 10:25:00 AM
- DocuSign Stocks Drop 8.5%, Braze Surges 15% as 1Q Results Beat Expectations, and More in Earning • IH Market News • 06/07/2024 12:09:36 PM
- NGL Energy Partners LP Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results; Guidance for Fiscal 2025 • Business Wire • 06/06/2024 08:33:00 PM
- NGL Energy Partners LP Announces $50 Million LP Common Unit Repurchase Program • Business Wire • 06/06/2024 08:20:00 PM
- US Index Futures Mixed; Oil Prices Rise • IH Market News • 06/06/2024 11:29:43 AM
- NGL Energy Partners Announces Earnings Call • Business Wire • 05/16/2024 08:33:00 PM
- NGL Energy Partners LP Announces the Payment of All Outstanding Distribution Arrearages for Class B, Class C and Class D Preferred Units as of Payment Date April 25, 2024 • Business Wire • 04/09/2024 09:15:00 PM
- NGL Energy Partners LP Announces Sale of the New Mexico Ranches • Business Wire • 04/05/2024 04:46:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 55.4% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 04/04/2024 10:26:00 PM
- NGL Energy Partners LP Announces Status of Investor Tax Packages • Business Wire • 03/04/2024 09:45:00 PM
- NGL Energy Partners LP Announces Third Quarter Fiscal 2024 Financial Results • Business Wire • 02/08/2024 09:33:00 PM
- NGL Energy Partners LP Announces Cash Distribution of 50% of Outstanding Arrearages for Class B, Class C and Class D Preferred Units • Business Wire • 02/06/2024 10:33:00 PM
- NGL Closes $2.9 Billion Debt Refinancing Transactions and Amends and Extends Asset-Based Revolving Credit Facility • Business Wire • 02/02/2024 05:55:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 01/30/2024 09:45:00 PM
- NGL Energy Partners LP Announces Pricing of $2.2 Billion Offering of Senior Secured Notes • Business Wire • 01/25/2024 09:58:00 PM
- NGL Energy Partners LP Announces $2.1 Billion Offering of Senior Secured Notes • Business Wire • 01/23/2024 09:35:00 PM
- NGL Energy Partners LP Announces LEX II Large Diameter Pipeline Supported by New MVC and Extension of Acreage Dedication • Business Wire • 01/22/2024 11:30:00 AM
- NGL Energy Partners LP Announces $700 Million Senior Secured Term Loan Facility and Provides Financial Update • Business Wire • 01/17/2024 10:48:00 PM
- NGL Energy Partners LP Announces 2023 Open Season for Grand Mesa Pipeline Starting December 6, 2023 • Business Wire • 12/06/2023 11:30:00 AM
- NGL Energy Partners LP Announces Second Quarter Fiscal 2024 Financial Results • Business Wire • 11/09/2023 09:23:00 PM
- NGL Energy Partners Announces Earnings Call • Business Wire • 10/20/2023 10:30:00 AM
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